Weekly Research Analysts’ Ratings Updates for Avery Dennison (AVY)

Avery Dennison (NYSE: AVY) recently received a number of ratings updates from brokerages and research firms:

• 1/10/2025 – Avery Dennison had its price target lowered by analysts at UBS Group AG from $235.00 to $207.00. They now have a “neutral” rating on the stock.
• 1/6/2025 – Avery Dennison had its price target lowered by analysts at Citigroup Inc. from $228.00 to $202.00. They now have a “neutral” rating on the stock.
• 1/6/2025 – Avery Dennison had its price target lowered by analysts at Bank of America Co. from $238.00 to $220.00. They now have a “buy” rating on the stock.
• 1/6/2025 – Avery Dennison had its price target lowered by analysts at Truist Financial Co. from $258.00 to $245.00. They now have a “buy” rating on the stock.

Avery Dennison Price Performance

Shares of NYSE:AVY opened at $189.17 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.62 and a debt-to-equity ratio of 0.85. Avery Dennison Co. has a twelve month low of $181.99 and a twelve month high of $233.48. The company’s 50 day moving average is $195.92 and its 200 day moving average is $208.30. The company has a market cap of $15.20 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 1.52 and a beta of 0.89.

Avery Dennison (NYSE:AVY) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.01. Avery Dennison had a net margin of 7.76% and a return on equity of 33.01%. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the prior year, the business earned $2.10 earnings per share. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, sell-side analysts forecast that Avery Dennison Co. will post 9.42 EPS for the current year.

Avery Dennison Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were paid a $0.88 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.86%. Avery Dennison’s payout ratio is 42.26%.

Insider Buying and Selling

In other Avery Dennison news, SVP Nicholas Colisto sold 3,679 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $206.00, for a total value of $757,874.00. Following the sale, the senior vice president now owns 7,126 shares in the company, valued at approximately $1,467,956. This represents a 34.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Avery Dennison

Several institutional investors have recently made changes to their positions in AVY. Decker Retirement Planning Inc. purchased a new position in Avery Dennison in the fourth quarter valued at $94,000. JGP Wealth Management LLC increased its stake in shares of Avery Dennison by 1.6% in the 4th quarter. JGP Wealth Management LLC now owns 6,053 shares of the industrial products company’s stock valued at $1,133,000 after purchasing an additional 94 shares in the last quarter. Gateway Investment Advisers LLC raised its holdings in Avery Dennison by 16.2% in the 4th quarter. Gateway Investment Advisers LLC now owns 74,252 shares of the industrial products company’s stock worth $13,895,000 after purchasing an additional 10,334 shares during the period. RMR Wealth Builders boosted its position in Avery Dennison by 5.7% during the fourth quarter. RMR Wealth Builders now owns 1,097 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 59 shares in the last quarter. Finally, Meyer Handelman Co. acquired a new stake in Avery Dennison in the fourth quarter valued at approximately $4,263,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Avery Dennison Corporation operates as a materials science and digital identification solutions company in the United States, Europe, the Middle East, North Africa, Asia, Latin, America, and internationally. It provides pressure-sensitive materials comprising papers, plastic films, metal foils, and fabrics; performance tapes products, including tapes for wire harnessing, as well as cable wrapping for automotive, electrical, and general industrial applications; mechanical fasteners, which are precision-extruded and injection-molded plastic devices used in various automotive, general industrial, and retail applications; and other pressure-sensitive adhesive-based materials and converted products under the Fasson, JAC, Yongle, and Avery Dennison brands.